Defendant Name: Carey Financial LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: W.P. Carey & Co. LLC
SIC Code: 6798
CUSIP: 92936U10

Initial Case Details

Legal Case Name SEC v. W.P. Carey & Co. LLC, Carey Financial LLC, John J. Park, and Claude Fernandez
First Document Date 18-Mar-2008
Initial Filing Format Civil Proceeding
Case Number 08-cv-02846
Allegation Type Broker Dealer
Federal District Court New York, Southern District of New York

Violations Alleged

Securities Act
• Sec 5(a)

Resolutions

First Resolution Date 20-Mar-2008

Related Documents:

2008_comp20501 18-Mar-2008 Complaint
Complaint
On March 18, 2008, the SEC filed a complaint against W.P. Carey & Co. LLC ("WPC"), Carey Financial LLC ("CF"), John J. Park ("Park"), and Claude Fernandez ("Fernandez") (collectively, "Defendants"). The SEC stated: "This case concerns a number of securities law violations by WPC and CF, including paying nearly $10 million in undisclosed compensation to a broker-dealer that sold the CPA REITs, paying undisclosed compensation to another broker-dealer for proxy solicitation services, conducting an unregistered offering of certain CPA REITs, and other disclosure failures."
LR-20501 18-Mar-2008 Litigation Release
SEC Charges W.P. Carey and Two Senior Executives in Fraudulent Payment Scheme
2008-45 18-Mar-2008 Press Release--Civil Action
SEC Charges W.P. Carey and Two Senior Executives in Fraudulent Payment Scheme
court_doc3_08-cv-02846 20-Mar-2008 Court Docket Document
Final Judgment as to Defendants W.P. Carey & Co. LLC and Carey Financial LLC
On March 3, 2008, the SEC and defendants W.P. Carey & Co. LLC and Carey Financial LLC "consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment"

Other Defendants in Action:

W.P. Carey & Co. LLC
John J. Park
Claude Fernandez

Related Actions:

In the Matter of Ameriprise Financial Services, Inc.
Ameriprise Financial Services, Inc.
In the Matter of Claude Fernandez (CPA)
Claude Fernandez